This property looks like a bad Long-Term investment with a projected -15.45% first-year return on $85,617 initial cash invested.
-15.45%
Cash On Cash
3.62%
Cap Rate
0.56
DSCR
$2,427
Rent
-$1,102
Cashflow
Cash Flow
$2,427 income − $3,529 expenses = $1,102 out of pocket
Investment Breakdown
|
Purchase Price
$408k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,617
Downpayment
20%
$81,540
Closing costs
1%
$4,077
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,427
Total Expenses
$3,529
Mortgage P&I
91%
$2,212
Property Taxes
22%
$544
Home Insurance
6%
$142
HOA
0%
$0
Property Management
10%
$243
CapEx
5%
$121
Vacancy
6%
$146
Maintenance
5%
$121
Other
0%
$0